Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab

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The GST Council’s GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a 28% GST slab from 18% or 12%. The initiative aims to redefine luxury items and is expected to significantly boost GST collections in phases.

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Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab

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